Citigroup Inc. Purchases 199,582 Shares of HDFC Bank Limited (NYSE:HDB)

Citigroup Inc. raised its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 21.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,143,853 shares of the bank's stock after acquiring an additional 199,582 shares during the period. Citigroup Inc.'s holdings in HDFC Bank were worth $71,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commerce Bank increased its position in HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after acquiring an additional 225 shares during the period. UMB Bank n.a. raised its position in shares of HDFC Bank by 5.4% during the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock valued at $311,000 after buying an additional 248 shares during the last quarter. Mount Yale Investment Advisors LLC lifted its stake in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock valued at $399,000 after buying an additional 257 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after buying an additional 275 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its position in HDFC Bank by 1.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank's stock worth $1,600,000 after buying an additional 308 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Up 1.4 %

Shares of HDFC Bank stock opened at $64.50 on Friday. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.44. The firm has a market capitalization of $163.33 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company's fifty day moving average price is $63.03 and its two-hundred day moving average price is $61.17.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, analysts expect that HDFC Bank Limited will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research report on Friday, November 8th.

HDFC Bank Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.